Apr 23, 2013 11:00am EDT
there is almost a divorce on how earnings and economies grow. connell: how does that environment sustain itself? >> is it sustainable in the long run, no. that means over a ten year cycle. i am focused over the next year or two years. earnings can continue to grow because we see 20% of s&p 500 companies hoarding. only 45% have beat revenues. i think that we could be in a period of time where we have a divergence in the markets between those that are doing really well and those that are not doing really well at all. you could get a lot of disparities. connell: brian jacobson, wells fargo, thank you very much. appreciate it. >> thank you. dagen: rilling knowing about it through minor. connell: at&t versus google. we will tell you why. we will keep an eye on the market. a big day today. oil is down. we will be back with much more on market now. ♪ ♪ ♪ [ male announcer ] help brazil reduce its ovell reliance on foreign imports with the launch of the country's largest petrochemical operation. ♪ when emerson takes up the challenge, "it's never been done before" simply bemes consider it solved.
Apr 17, 2013 4:00pm EDT
environment. so we think they have got a number of positive stimuli going forward. probably a cheap as pe that emc has had for several years. lori: gene, make us some money here if you would. really interesting defensive stocks really led this rally. what do you think if we're coming down now? >> well, you know, leadership has been in a lot of different areas, and not just year-to-date but over the last year-and-a-half. david: forgive me, guys, i have got to break in here. we have american express express earnings. dennis, what are the numbers? >> yes the numbers beat the street on earnings but fall below revenue. street wanted 8.03 billion. earnings per share, american express, 1.15 a share. street was thinking $1.12. that is a beat. quarterlyly dividend for amex raised 15%. the company will spend $3.2 billion extra this year on stock buybacks before year-end and another one billion dollars in the first quarter of 2014. stock buybacks support a stock price. can't tell, looks like amex might head down. wall street hate as miss even though earnings beat. lori: todd horowitz, earnings seaso
Apr 18, 2013 10:00pm EDT
that is a really difficult that of the environment to make predictions. economic fundamentals are not really driving, i don't think, of the policy in the marketplace lou: well, with that in mind, the economy itself, we're talking about 23 million people still unemployed and underemployed. and a president who is spending more time on gun-control and immigration reform then the -- that creating jobs are really economic growth. now, there are a lot of criticism of this president, but the fact of the matter is, we're not seeing the kind of robust energy that we expect to see in a recovery. >> this was in my view, the most is what the recovery in modern times, maybe in american history. we have 3 million less jobs than we had when the fed is a crisis started. ramming some growth and some kind of recovery, we have an incredibly resilient economy. highly of gennaro, and we should be doing better if. what is discouraging is that almost all is caused by poor government picy. we have consistently done the wrong thing off. lou: macroeconomics here, but of like to get your sense of what could be done ri